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European building materials supplier Saint-Gobain has signed an agreement to sell Norandex, its distribution business in the United States, to roofing and siding products distributor ABC Supply Co. Inc., Beloit, WI. Terms were not disclosed.
Norandex, which employs 770 and has 103 branches, reported sales of $393 million in 2014. The sale is in line with Saint-Gobain Building Distribution’s strategy of optimizing its portfolio by divesting non - core assets and focusing on bolstering its leading positions in Europe and Brazil.